Tag Archives: United States Congress Joint Select Committee on Deficit Reduction

President Obama Signs A FY 2014 Continuing Resolution / Debt Ceiling Stopgap Agreement

LEGISLATIVE ACTIVITY On October 17, President Barack Obama signed a FY 2014 Continuing Resolution / Debt Ceiling stopgap agreement (H.R. 2775 / P.L. 113-46) that funds the federal government at current sequester levels through January 15, 2014 and suspends the nation’s debt limit through February 7, 2014 (although this may be extended for a short … Continue Reading

President Obama Signs H.R. 2775, Ending The 16-Day Government Shutdown

LEGISLATIVE ACTIVITY The 16-day government shutdown ended in the wee hours of Thursday, October 17 when President Barack Obama signed H.R. 2775 ( P.L. 113-46) after it was approved by the Senate (81-18) and the House (285-144). The legislation encompassed an agreement reached last Wednesday, October 16, between Senate Majority Leader Harry Reid (D-NV) and … Continue Reading

President Obama Meets Separately With Senate Democrats, Senate Republicans, House Democrats and House Republicans

Legislative Activity This past week has seen the evolution of the federal government shutdown and the slow emergence of a potential framework for a deal. Late in the week, President Barack Obama met separately with Senate Democrats, Senate Republicans, House Democrats and House Republicans. While President Obama continues to maintain he will not negotiate on … Continue Reading

Senate Majority Leader Reid: Tax Reform Must Raise at Least $975 Billion

Legislative Activity Senators Submit Tax Reform Letters to Finance Committee; Promised 50 Year Secrecy on Tax Expenditure Submissions Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Orrin Hatch (R-UT) asked their Senate colleagues on June 27 to provide proposals in response to a “blank-slate” approach (i.e., assuming elimination of all tax expenditures from … Continue Reading

Ways and Means Holds Hearing on Tax Havens, Base Erosion, and Profit Sharing

Legislative Activity Senate Tax Writing Committee Continues Meetings on Reform The Senate Finance Committee has continued its series of closed-door committee meetings on tax reform, recently issuing an options paper addressing charitable and tax-exempt organizations. The most recent paper is available here. The Committee’s paper on charitable and tax-exempt organizations was the ninth topic covered … Continue Reading